(CNBC) Investors should proceed with caution, according to BofA Securities’ Savita Subramanian. Even though February kicked off on a strong note, she warned a messy sideways market is ahead. “It’s going to be a year where we are shocked by the volatility,” the firm’s U.S. head of equity and quantitative research said Tuesday. “This is a year where we recalibrate expectations to an environment where cash yields are likely to move from zero — worthless today — to something closer to 2% by the end of the year.”
‘It’s going to be a year where we are shocked by the volatility,’ BofA’s Savita Subramanian warns
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